Flow Traders U.s. Lowers stake in Southern Copper Corp (SCCO)

Southern Copper Corp (SCCO) : Flow Traders U.s. reduced its stake in Southern Copper Corp by 63.33% during the most recent quarter end. The investment management company now holds a total of 5,528 shares of Southern Copper Corp which is valued at $144,226 after selling 9,547 shares in Southern Copper Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Southern Copper Corp makes up approximately 0.01% of Flow Traders U.s.’s portfolio.

Other Hedge Funds, Including , Lombard Odier Asset Management (switzerland) Sa sold out all of its stake in SCCO during the most recent quarter. The investment firm sold 21,792 shares of SCCO which is valued $568,553. Andra Ap-fonden sold out all of its stake in SCCO during the most recent quarter. The investment firm sold 38,200 shares of SCCO which is valued $996,638.Teachers Advisors Inc reduced its stake in SCCO by selling 111,303 shares or 32.69% in the most recent quarter. The Hedge Fund company now holds 229,221 shares of SCCO which is valued at $5,980,376. Southern Copper Corp makes up approx 0.01% of Teachers Advisors Inc’s portfolio.California Public Employees Retirement System reduced its stake in SCCO by selling 7,900 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 696,383 shares of SCCO which is valued at $18,558,607. Southern Copper Corp makes up approx 0.03% of California Public Employees Retirement System’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in SCCO by selling 37,104 shares or 53.82% in the most recent quarter. The Hedge Fund company now holds 31,835 shares of SCCO which is valued at $848,403. Southern Copper Corp makes up approx 0.01% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.

Southern Copper Corp opened for trading at $25.86 and hit $26.01 on the upside on Thursday, eventually ending the session at $25.88, with a gain of 0.23% or 0.06 points. The heightened volatility saw the trading volume jump to 6,68,596 shares. Company has a market cap of $20,024 M.

Many Wall Street Analysts have commented on Southern Copper Corp. Southern Copper Corp was Upgraded by HSBC Securities to ” Buy” on Aug 26, 2016. Company shares were Reiterated by FBR Capital on Aug 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 38 from a previous price target of $33 .Southern Copper Corp was Downgraded by Credit Suisse to ” Underperform” on Jul 1, 2016.

Southern Copper Corporation is a copper producer. The Company produces copper molybdenum zinc and silver. The Company operates in three segments: Peruvian operations Mexican open-pit operations and Mexican IMMSA unit. Peruvian operations segment includes the Toquepala and Cuajone mine complexes and the smelting and refining plants including a precious metals plant industrial railroad and port facilities that service both mines. Mexican open-pit operations segment includes the La Caridad and Buenavista mine complexes and the smelting and refining plants including a precious metals plant and a copper rod plant and support facilities that service both mines. Mexican IMMSA unit segment includes five underground mines. Its operations include open-pit and underground mining concentrating copper smelting copper refining copper rod production solvent extraction/electrowinning zinc refining sulfuric acid production molybdenum concentrate production and silver and gold refining.

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